Financing & Loan Options

We’re here to help.

Student Financial Services at Wellesley College is available to provide information about the best ways to finance your education. We work with families to establish a four-year financial plan and are committed to helping families understand and access resources (including grants, scholarships, loans, and a payment plan) to manage their finances most effectively.

See Wellesley's Student Loan Policy and Loan Policy FAQ.

Monthly Payment Plan

Tuition Management Systems:

If you plan to use your savings and/or current income to cover all or part of your educational expenses, the interest-free monthly payment option offered through Tuition Management Systems (TMS) helps by providing more manageable cash flow and greater budget flexibility.  Plans become available on July 1st for the Fall semester and December 1st for the Spring semester. An enrollment fee of $35 per semester applies. Although Student Financial Services can provide assistance in determining the amount of your contract, you are responsible for contacting TMS to set up your contract through the Wellesley College Student Account Center.  For more information, please contact Tuition Management Systems at 800.350.2047 (401.921.3999, if calling from outside the USA) or service@afford.com.
Outside Scholarships

Outside Scholarships and Resources:

If you receive a scholarship or other outside award that was not previously considered in the determination of your financial aid award, you must, according to federal regulations, notify Student Financial Services. Unless specifically stated in the sponsorship letter, all outside scholarships will be evenly applied to the fall and spring semesters.
Loan Options
Parent Loans Some families choose to finance their college costs through parent or family loans.  Parent loan programs allow parents to borrow money to cover costs not already covered by the student's financial aid package, up to the full cost of attendance.  
Federal and Institutional Student Loans Student loans offered by Wellesley College provide low-interest loans to assist students in paying their educational expenses. More information about student loans (including eligibility, interest rates, and maximum loan amounts). Contact Student Financial Services if you wish to borrow additional loans. 
Private Loans

Private loans are available to students and parents who need funding beyond the limits of need-based loan programs. Because of the debt burden associated with borrowing private loans, you are encouraged to make an advising appointment with a SFS counselor before borrowing from these sources. Please visit the private loans website for more information about private loans.

  Thinking of borrowing to cover part of your balance? Start by reviewing our loan information sheet.

As always, our staff is available to help you navigate these resources and is available to answer any questions you may have.  Please feel free to contact Student Financial Services